Methanex (TSE:MX) Shares Cross Above Two Hundred Day Moving Average of $59.49

Methanex Co. (TSE:MX) (NASDAQ:MEOH)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$59.49 and traded as high as C$61.61. Methanex shares last traded at C$61.10, with a volume of 80,256 shares changing hands.

Methanex Price Performance

The firm has a market capitalization of C$4.12 billion, a PE ratio of 17.56, a PEG ratio of 0.44 and a beta of 1.95. The stock has a 50-day moving average price of C$60.02 and a 200 day moving average price of C$59.49. The company has a quick ratio of 1.59, a current ratio of 1.14 and a debt-to-equity ratio of 138.70.

Methanex (TSE:MX) (NASDAQ:MEOH) last posted its quarterly earnings data on Wednesday, January 31st. The company reported C$0.71 EPS for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.34. The business had revenue of C$1.26 billion during the quarter, compared to analysts’ expectations of C$1.23 billion. Methanex had a return on equity of 12.35% and a net margin of 4.68%. Equities analysts forecast that Methanex Co. will post 3.1126984 EPS for the current fiscal year.

Methanex Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Wednesday, March 13th. Methanex’s payout ratio is 28.74%.

Methanex Company Profile

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities. The company owns and manages a fleet of approximately 30 ocean-going vessels.